Al-Zaidi arrives in Türkiye on an official visit
2026-07-28
Shafaq News – Baghdad
Prime Minister Ali Faleh al-Zaidi arrived in Ankara on Tuesday for an official visit to the Republic of Turkey, leading a high-level government delegation.
The Prime Minister’s Media Office stated in a statement that Al-Zidi will meet with Turkish President Recep Tayyip Erdogan and a number of senior Turkish officials to discuss ways to enhance bilateral cooperation between the two countries, particularly in the areas of economy, water, security and investment, in addition to discussing files and Read more…
Iraq earns more than $2.3 billion from oil exports in May and June
2026-07-28
Shafaq News – Baghdad
The Iraqi Ministry of Oil announced on Tuesday that the country’s crude oil exports exceeded 32 million barrels, with financial revenues amounting to more than $2.3 billion during the months of May and June, based on the final statistics of the Iraqi Oil Marketing Company (SOMO).
The ministry stated in a statement received by Shafaq News Agency that the total amount of crude oil exported reached 32 million, 114 thousand and 677 barrels, with revenues amounting to $2 billion, 335 million, 537 thousand and 399 dollars. Read more…
In response to pressure from political blocs, the Kurdistan Democratic Party ends its boycott of the Kirkuk Provincial Council and decides to return.
2026-07-28
Shafaq News – Kirkuk
The Kurdistan Democratic Party in the Kirkuk Provincial Council announced on Tuesday that it has ended its boycott of the council’s sessions and meetings and will return to attending them, following the approval of the party leadership and in response to the demands of the participating political blocs.
Hassan Majeed, head of the party bloc in the Kirkuk Provincial Council, said in a press conference attended by a Shafaq News Agency correspondent that “the party leadership has agreed to the return of the bloc members to the provincial council meetings and to end the boycott that Read more…
Poor quality of kerosene exacerbates the crisis of private generators in Iraq… breakdowns and fears of shutdowns
2026-07-28
Shafaq News – Baghdad
The fuel crisis for “kerosene” used to operate private generators in Iraq has worsened, with generator owners complaining about the poor quality of the fuel, coinciding with the continued difficulty in obtaining the allocated quantities, which has caused frequent technical malfunctions and raised fears that some generators will stop working.
A number of generator owners told Shafaq News Agency that the quality of the “kerosene” supplied during the recent period has become low, which has led to problems in the operation of the engines and the failure of some sensors Read more…
Alwa Sulaimaniyah calls for marketing surplus agricultural crops: Production covers Kurdistan and Iraq
2026-07-28
Shafaq News – Sulaymaniyah
On Tuesday, the Sulaimaniyah Farmers Syndicate called for the marketing of surplus agricultural crops to all of Iraq, stressing that local production now covers the needs of the Kurdistan Region and the central and southern governorates of Iraq, with surplus quantities that can be exported abroad.
The head of the Sulaimaniyah Alwa Syndicate, Sarwar Ali, told Shafaq News Agency that many of the agricultural crops produced in the Kurdistan Region are no longer limited to meeting the needs of the region’s residents, but have also begun to cover the needs of the central and southern governorates Read more…
Iraqi Dinar Guru opinions 7-27-2026
7-27-2026 Boot-On-The-Ground Guru Omar The CBI deputy governor said today…redenomination and revaluation…They gave us two big steps…Step #1: Redenomination…they gave us four categories for this. 1. The redenomination phase removes the three zeros from circulation from currency. 2. Technical and administrative cleanup. 3. New notes issued, old notes retired. 4. Zero change in the USD purchasing power. It labels change but value does not change. Step #2: Revaluation. 1. The CBI raises the official exchange rate. 2. This produces a real gain in the United States dollar terms. 3. This is the event holders are positioned for. Read more…
Wahib pledges before parliament to resolve Iraq’s electricity crisis within 15 days
2026-07-27
Shafaq News – Baghdad
MP Jaafar al-Zamili, from the Badr parliamentary bloc, revealed that Electricity Minister Ali Wahib pledged before the House of Representatives during his hosting on Monday to resolve the crisis within 15 days, through an agreement with the Iranian side to increase the flow of gas to the power stations.
Al-Zamili explained to Shafaq News Agency that “the upcoming official visit to Türkiye will discuss importing electricity from the Turkish side, and we will also work on resuming the flow of gas from the Kurdistan Region Read more…
Al-Zaydi breaks his promise… Political criticism for not completing the government cabinet on schedule
7-27-2026
Information/Baghdad…
Political analyst Ibrahim al-Sarraj criticized Prime Minister Ali al-Zaidi for breaking his promise to complete the cabinet last June, noting that the vacant ministerial positions open the door to foreign interference to achieve political gains and interests.
Al-Sarraj told Al-Maalouma, “Prime Minister Ali al-Zaidi previously promised to complete the cabinet last June, but the situation remains unchanged at the end of July.”
He added, “The failure to complete the cabinet throughout this period creates an opening for Read more…
Due to a lack of liquidity, the Ministry of Finance postpones salary payments, and Parliament moves to summon the minister.
7-27-2026
Information / Baghdad…
An informed source reported on Monday that the Ministry of Finance and the Accounting Department have decided to postpone the disbursement of salaries for employees of ministries and government departments for three days due to a temporary shortage of cash liquidity.
The source told Al-Maalomah that “this measure prompted the Parliamentary Finance Committee to take urgent action, as it intends to summon the Minister of Finance and the Directors General of the Accounting and Budget Departments in the coming hours.” Read more…
Final accounts under the dome of Parliament… Will the postponed corruption files be opened?
7-27-2026
The discussion of the final accounts in the House of Representatives opens wide the doors to confronting accumulated financial imbalances, amidst pressing public and legal questions about the ability of these analytical reports to unearth past corruption cases that have remained hidden for years.
Economic experts believe that approving the actual budgets represents the strongest accountability tool for evaluating expenditures and revealing the gaps between allocated and actual spending. Others fear that these sessions will Read more…
Washington presents Barzani with two options regarding the war on Iran.
7-27-2026
Information / Duhok –
A senior official in the Kurdistan Regional Government (KRG) revealed on Monday that the administration of US President Donald Trump is pressuring the region’s leadership, giving them a choice between engaging in a war against Iran or facing US measures that could affect the region’s status and support.
The official told the Information Agency that “the Trump administration is pressuring the region’s leadership to directly engage in a war with Iran, and if they do not comply with Washington’s demands, it may take measures Read more…
An Iraqi-American agreement to settle Iranian debts through food and medicine.
2026-07-27
Shafaq News – Baghdad
On Monday, Riyadh Adai, a member of the parliamentary electricity and energy committee, revealed an agreement between Iraq and the United States to pay Iran’s financial dues for gas by supplying it with goods and commodities, including food and medicine, instead of transferring the money in cash.
Adai told Shafaq News Agency that “Iran is demanding about $11 billion from Iraq, and part of this amount is currently in the Iraqi Trade Bank, but it cannot be transferred due to the US sanctions imposed on Iran.” Read more…
Iraqi oil tankers continue to transit amid slowed shipping in the Red Sea
2026-07-27
Shafaq News – Baghdad
Data from Kpler showed that shipping traffic through the Bab al-Mandab Strait slowed to its lowest level in months, following attacks by the Houthis on Saudi Aramco oil facilities in Jizan and Yanbu, further disrupting shipping in the Red Sea.
According to the data, ship traffic also continued to decline in the Strait of Hormuz despite the cessation of strikes between the United States and Iran, with the number of passing ships remaining limited Read more…
Iraq’s reliance on oil revenues fell to 84% in five months
2026-07-27
Shafaq News – Baghdad
Official data from the Iraqi Ministry of Finance, released on Monday, showed that the contribution of oil revenues to financing the federal budget during the first five months of 2026 fell to 84%, compared to 91% during the same period in 2025, while the contribution of non-oil revenues rose to 16%.
According to the ministry’s report, which was reviewed by Shafaq News Agency, the total revenues of the federal budget until the end of May 2026 amounted to about 33.747 trillion dinars, Read more…
Iraq will be the third largest Arab exporter with $90 billion by 2025
2026-07-27
Shafaq News – Baghdad
Iraq ranked third among the largest Arab exporting countries in 2025, according to data from the World Trade Organization, reflecting the continued dependence of the Iraqi economy mainly on oil exports, despite their decline compared to the previous year.
Iraq’s exports reached approximately $93 billion in 2025, ranking it third among the largest Arab exporting countries, an indicator that reflects the continued pivotal role of Iraqi exports, Read more…
A fuel crisis hits Iraq… and an expert confirms: generators and declining production are behind the shortage.
2026-07-27
Shafaq News – Baghdad
The Iraqi capital, Baghdad, is experiencing a shortage of kerosene after a number of gas stations experienced a lack of supply, causing vehicles to queue up in front of the stations to obtain the fuel, amid confirmations that high demand and a decline in local production are behind the crisis.
Meanwhile, energy expert Assem Jihad confirmed that the shortage of kerosene is due to increased domestic demand coinciding with increased consumption of private generators during the summer, as well as a decline in production quantities in a number of oil refineries, Read more…
Saudi Arabia announces interception of drones launched from Iraq: We reserve the right to respond.
2026-07-27
Shafaq News – Riyadh
The Saudi Ministry of Defense announced on Monday that it had intercepted and destroyed a number of drones that it said had been launched from Iraqi territory and had attempted to target oil facilities in the Eastern Province and Riyadh.
In a statement, Saudi Defense Ministry spokesman Major General Turki al-Maliki said that air defenses intercepted and destroyed, during the past few hours, a number of drones that attempted to target oil facilities in the Eastern Province and Riyadh.
Al-Maliki added that these “terrorist” attempts were launched from Iraqi territory and carried out by “terrorist Read more…
United Nations: The Iraqi government has taken serious steps in combating corruption.
7-27-2026
The United Nations program confirmed on Monday that the Iraqi government has taken serious steps in recovering assets and combating corruption. Yama Turabi, director of the “Combating Corruption and Promoting Arbitration” project at the United Nations program, stated in a statement to the official newspaper that “the anti-corruption program has witnessed serious and urgent steps from the government with regard to following up on asset recovery specifically.”
He added that “Iraq can improve the gap between cases Read more…
Government financial advisor: Government plan to raise non-oil revenues to 46 percent
7-27-2026
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, announced on Monday that the government has developed a plan to raise non-oil revenues to 46% within ten years. He indicated that the government is committed to increasing the private sector’s contribution to 54% of GDP. Salih told the official news agency that “the government’s fiscal policy for the next ten years aims to achieve economic stability and sustainable development by diversifying revenue sources and strengthening the role of the private sector in the national economy.” He added that “the fiscal policy has a pivotal planning path, Read more…
Iraqi Drilling Company: Rehabilitation of two oil wells in the Qurna and Zubair fields
7-27-2026
The Iraqi Drilling Company announced on Monday the completion of the rehabilitation of two oil wells in the Qurna and Zubair fields. The company’s media office stated in a statement that “in implementation of the directives of the Minister of Oil, Basim Muhammad Khudair Al-Abadi, and with the follow-up of the Director General of the Iraqi Drilling Company, Muhammad Hantoush Asad Al-Azirjawi, the technical and engineering staff of the company completed the rehabilitation work of the oil well WQ1-233 in the West Qurna/1 field, at a depth of 2536 meters, using the IDC-32 rehabilitation device.” Read more…
